A Colorado casino chain has reported higher revenues and cash flow in its latest financial figures.

The economic downturn's grip on casino revenues could be loosening as a Colorado gaming hall chain announced impressive financial results.

Global Casinos, which operates the Bull Durham Saloon and Casino and Doc Holliday Casino, located in Black Hawk and Central City respectively, saw its operating cash flow rise by 41 per cent year-on-year between July and September 2009.

Its net revenues for the quarter also saw a small increase, growing from $1,670,623 (C$1,750,670) last year to $1,681,058 in 2009.

A statement from the company attributed the positive results to a nine per cent cut in expenses compared to 2008.

Clifford Neuman, president of Global Casinos, said: "As we enter the slower winter season, we will maintain our focus on operational efficiencies."

Mr Neuman added that state-wide legislation permitting gaming halls to open longer hours and set higher wager limits had "clearly strengthened the performance of Colorado's gaming sector".

Global's financial reports come after the New Jersey Casino Control Commission announced that Atlantic City's 11 casinos had fared better in October than they had for some time.

The city's gaming hall losses were at their lowest level for 14 months.